Paper is a plugin fork, and that defines the ecosystem
The lineage is CraftBukkit, Spigot and Paper. Because Paper preserves the Bukkit and Spigot API, a plugin jar compiled for Spigot loads with no recompiling. That is why the installed base of EssentialsX, LuckPerms, Vault and WorldGuard keeps working after the switch.
What Paper adds is implementation, not a new incompatible API: rewritten chunks, light engine, entity tracking, hoppers. None of that makes the tick parallel, the gain comes from each tick costing less. Swapping the jar buys a real but bounded improvement, and the rest depends on configuration and on which plugins you agree to load.